Fund managers including Maple-Brown Abbott, Yarra Capital Management, Contract Asset Management, Airlie Funds Management, Clime Investment Management, Sterling Managed Investments, Atlas Funds Management, Tyndall Asset Management, Pendal Group, Ten Cap, Alliance Bernstein, Sandon Capital, Wilson Asset Management, Pengana Capital Group, Seneca Financial Solutions, Oracle Advisory Group, BKI Investment Company, Sage Capital, Milford Asset Management, Contact Asset Management, Alphinity Investment Management, PM Capital, Vertium Asset Management, Antares Capital, Quest Asset Partners, Blackwattle Investment Partners, Plato Investment Management, Firetrail Investments, Ralton Asset Management, Ausbil Investment Management, Investors Mutual Limited and Solaris Investment Management have invested in Ampol Ltd (ASX:ALD).

Managers highlight exceptional refining margins from global supply disruptions, a sharp rise in profit and dividends, a low earnings multiple and strategic value as one of Australia's two remaining refineries, according to Plato, Blackwattle and Alphinity.

The commentary notes earnings are heavily driven by unusually strong refining margins that may normalise as geopolitical disruptions ease, and Pendal flagged limited divisional disclosure.

Established in 1918 and headquartered in Sydney, Ampol Ltd. is a transport fuel supplier offering business services, fuel cards, and lubricants. The company operates through four reporting segments: Fuels and Infrastructure, which manages refining, trading, and shipping; Convenience Retail, overseeing Australian fuel and shop networks; Z Energy, managing New Zealand operations; and Corporate, covering head office administrative functions. Ampol provides energy solutions through a diverse operational structure, supporting both commercial and retail sectors across domestic and international markets.